The Harris Texas Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form) is a legally binding contract that outlines the terms and conditions for the storage of carbon dioxide in underground formations in the county of Harris, Texas. This agreement is primarily entered into between a landowner and a carbon capture and storage (CCS) operator for conducting carbon sequestration activities on private land. Keywords: Harris Texas, subsurface underground, carbon dioxide storage, lease agreement, landowner, long form, carbon capture and storage, carbon sequestration, private land. There are different types of Harris Texas Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form), categorized based on specific factors such as lease duration, payment terms, and liability allocation: 1. Standard Long-Term Lease: This type of agreement generally provides a long-term carbon dioxide storage solution on the landowner's property. It includes provisions for the lease duration, operational requirements, financial considerations, and potential extensions or renewals. 2. Short-Term Rental Agreement: Unlike the long-term lease, this type of agreement allows the carbon dioxide storage operator to utilize the landowner's property for a shorter duration, typically for a specific project or research purposes. The terms of payment, project timeline, and specific operational requirements will be outlined in this agreement. 3. Royalty-Based Lease: In a royalty-based arrangement, the landowner receives compensation based on the amount of carbon dioxide stored on their property. The lease agreement will define the royalty percentage, payment terms, and mechanisms for monitoring and verifying the stored carbon dioxide volumes. 4. Shared Liability Agreement: Often, this type of agreement is incorporated to address the potential risks associated with underground carbon dioxide storage. It outlines the responsibilities and liabilities of both the landowner and the storage operator regarding environmental impacts, monitoring, and remediation measures in case of any leakages or accidents. 5. Exclusive Lease and Development Agreement: This agreement grants exclusivity to the carbon dioxide storage operator for exploring, developing, and operating carbon sequestration projects on the landowner's property. It typically includes provisions for minimum storage capacity, technology deployment, financial considerations, and a development timeline. These variations cater to the different needs and circumstances of landowners and operators, ensuring a comprehensive and tailored approach to carbon dioxide storage agreements in Harris, Texas.
Harris Texas Subsurface Underground Carbon Dioxide Storage Lease and Agreement (with Landowner, Long Form)
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FAQ
Only two jurisdictions, Kentucky and Texas, have held that the mineral owner possesses the right to pore space, and the continuing viability of that case law is questionable.
HB 89 established that pore space is the property of the surface owner. HB 57 established that mineral estate is dominant over pore space. HB 58 established that the operator of a geologic sequestration site owns the injected carbon dioxide and is liable for any effects of geologic sequestration.
New research shows that natural accumulations of carbon dioxide (CO2) that have been trapped underground for around 100,000 years have not significantly corroded the rocks above, suggesting that storing CO2 in reservoirs deep underground is much safer and more predictable over long periods of time than previously
By studying a natural reservoir in Utah, USA, where CO2 released from deeper formations has been trapped for around 100,000 years, a Cambridge-led research team has now shown that CO2 can be securely stored underground for far longer than the 10,000 years needed to avoid climatic impacts.
The three main types of geological storage are oil and gas reservoirs, deep saline formations, and un-minable coal beds. CO2 can for instance be physically trapped under a well-sealed rock layer or in the pore spaces within the rock.
Studies have shown that CO2 can be safely stored underground, such as in deep, porous rock formations, for thousands of years, and we've even found natural pockets of CO2 that have existed for millions.
In the United States, there is a general consensus that ownership of pore space belongs to the owner of the surface estate.
Studies have shown that CO2 can be safely stored underground, such as in deep, porous rock formations, for thousands of years, and we've even found natural pockets of CO2 that have existed for millions.
At depths below about 800 meters (about 2,600 feet), the natural temperature and fluid pressures are in excess of the critical point of CO2 for most places on Earth. This means that CO2 injected at this depth or deeper will remain in the supercritical condition given the temperatures and pressures present.
The most well-developed approach to storing CO2 is injecting it underground into naturally occurring, porous rock formations such as former natural gas or oil reservoirs, coal beds that can't be mined, or saline aquifers.